UI Boustead REIT has successfully completed its initial public offering (IPO), raising approximately S$973.6m, making it the largest IPO in Singapore for 2026. The offering, priced at S$0.88 per unit, saw robust demand, being oversubscribed by 3.3 times. The IPO included an international placement of 643,275,200 units and a public offering of 33,900,000 units in Singapore.
The Placement Tranche, aimed at institutional and accredited investors, attracted S$1.9b in demand, whilst the Singapore Public Offer was 2.9 times subscribed, receiving 4,697 valid applications. This strong interest highlights investor confidence in UI Boustead REIT’s potential, despite current geopolitical and market volatility.
Tan Shu Lin, CEO of the REIT Manager, expressed gratitude for the investor support, stating, “The successful close of the IPO reflects confidence in the quality of our portfolio and its ability to generate stable and resilient cashflows.”
UI Boustead REIT’s initial portfolio consists of 23 properties, primarily in Singapore and Japan, with a total gross floor area of approximately 5.9 million square feet. The REIT is managed by UIB REIT Management Pte. Ltd., a subsidiary of UIB Holdings Limited.
Trading of the units on the SGX-ST Mainboard is set to begin at 2.00 p.m. on 12 March 2026.
